July 14, 2015

WHAT SHALL WE DO WITH THE SURPLUS?:

U.S. Annual Budget Deficit Remains Near 7-Year Low in June (NICK TIMIRAOS, July 13, 2015, WSJ)

The U.S. budget deficit remained near its lowest level in seven years in June amid a brightening economic outlook that has boosted revenues, the Treasury Department said Monday.

The U.S. reported a $52 billion surplus in June, a month in which the government in recent decades has typically generated a surplus on account of corporate and individual taxes collected at month's end.

The monthly surplus brought the budget deficit over the past 12 months to $431 billion, down nearly 20% from a year earlier.

All before we start cashing in the peace dividend.  The greatest threat to the world economy is the coming decline in US debt.

Posted by at July 14, 2015 3:18 PM
  

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